The pipeline project has faced resistance from the United States, which says the pipeline will increase Europe's reliance on Russian energy.
The U.S. was engaged in “detailed diplomatic engagement” with energy producers, added Jake Sullivan, President Joe Biden’s national security adviser.
Fatih Birol said the IEA’s own analysis suggested Russia could raise exports by roughly 15% of peak winter supply to Europe and urged Moscow to step up as a “reliable supplier.”
Russian President Vladimir also called for the sustainable development of the oil, gas and coal sectors and said it was important that was not neglected.
The Nord Stream 2 pipeline, which would help Moscow to bypass political foe Ukraine in transiting gas to European markets, doubles Russia’s annual gas export capacity.
The much-politicized Nord Stream 2 pipeline will double Russia’s gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine.
The $11 billion project, which will double the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe, has been a focal point of tensions between Moscow and Washington.
President Joe Biden and German Chancellor Angela Merkel last month reached an agreement that allows the pipeline that will take Russian gas to Germany to proceed.
German Chancellor Angela Merkel on July 22 defended a deal with the United States that allows the Nord Stream 2 gas pipeline to proceed as a pragmatic compromise, but Ukraine said the agreement was too weak to ensure Russia behaves the way Kyiv and the West want.